URC fully acquires pork and beans brand Hunt’s
Gokongwei-led Universal Robina Corp. (URC) will soon have the full ownership of famous pork and beans brand Hunt’s after it bought out its partner ConAgra Grocery Products Company, LLC. from their joint venture deal.
A disclosure in the Philippine Stock Exchange (PSE) showed that URC is set to pay ConAgra P3.1 million to obtain ConAgra’s 50 percent share in the joint venture.
Aside from the famous pork and beans, other products under the Hunt’s brand include tomato-based spaghetti sauce, tomato sauce, and marinade sauce.
URC also clarified that URC’s agreement with US-based ConAgra to manufacture and sell Swiss Miss Products is not included in the deal.